Coca-Cola Bottling Co Consolidated (COKE) has provided an update.
Coca-Cola Consolidated, Inc. has announced that it will be cutting its loan commitments from $1.3 billion to zero, effective June 27, 2024, under its existing term loan agreement with Wells Fargo. The agreement previously allowed for two distinct facilities, one of $800 million due in 2027, and another of $500 million due in 2029, both of which will no longer be available as the company has no outstanding amounts under these facilities. This move signifies a significant shift in the company’s financial strategy.
For an in-depth examination of COKE stock, go to TipRanks’ Stock Analysis page.
